AP allows CBI to attach Jagan's illegal assets

AP allows CBI to attach Jagan's illegal assets

The Andhra Pradesh government which has been sitting on the CBI’s request for attachment of Kadapa MP, Y S Jaganmohan Reddy’s properties finally issued orders (GO MS No: 89) to proceed further in the matter.

Home Secretary Ajendra Pal, who carefully sandwiched the crucial Jagan’s order with two others, allowed the CBI to attach properties of Koneru Rajendra Prasad (GO MS: 88) in the Emaar land case and Sunil Reddy, (GO MS 87) a close confidant of Y S Jaganmohan Reddy in the Jagan’s amassing of wealth case.

Armed by the government orders the CBI is expected to move the CBI Special Court on Monday seeking permission to confiscate movable and immovable properties of  Jagati Publications, Indira Television and Janani Infra owned by Jaganmohan Reddy on 21 May.

It is believed that the Congress government, in a pre-emptive step to block the money power of  the YSR Congress Party in the ensuing by-polls of June 12, gave the green signal under the provisions of the Criminal Law Amendment Ordinance, 1944.

The Ordinance enables the state to attach the money or other property of any person which the state or the Centre believes was procured by committing an offence. Even before the court takes cognizance of the offence, the Ordinance empowers the state to attach the property of a person if it has reason to believe that the person has committed a scheduled offence.

It may be recalled that in its ongoing investigation, the CBI has charged that Rs 1,246 crore was invested by various companies in Jaganmohan Reddy’s companies.

DH Newsletter Privacy Policy Get top news in your inbox daily
Comments (+)